Business Wire·May 21, 2026, 4:45 PM ET

Mayville Engineering Company Announces Closing of Public Offering, Including Full Exercise of the Underwriters' Option to Purchase Additional Shares of Common Stock

Mayville Engineering Company closed an underwritten public offering of 5,000,000 shares at $20.00 per share, generating $100 million in gross proceeds including the full exercise of the underwriters' option for an additional 652,000 shares.
Lead book-running managers for the offering were William Blair & Company, L.L.C. and Craig-Hallum Capital Group LLC, while Northland Securities, Inc. served as co-manager.
The company intends to use net proceeds to reduce debt on its senior secured revolving credit facility, fund capital expenditures in growth sectors, & support working capital & general corporate purposes.
A portion of the planned credit facility repayment relates to borrowing used for the Accu-fab acquisition completed in July 2025.
The senior secured revolving credit facility matures on June 28, 2028, & carried an interest rate of 6.42% as of March 31, 2026.
The offering was executed under a shelf registration statement filed March 7, 2024, amended May 8, 2024, & declared effective May 20, 2024.
A final prospectus supplement describing the offering terms was filed with the SEC on May 20, 2026.
MEC operates 27 facilities across nine states, with 22 currently in use, serving diverse markets including commercial vehicles, construction equipment, datacenters, agriculture, & the military.
Contact information for investor inquiries includes Stefan Neely or Brian Hawthorne at (615) 844-6248 or MEC@val-adv.com.